The Mexican peso maintains a positive streak and this Friday it approaches its best close in three monthsdriven by US employment data.
This Friday morning, The national currency is trading at 16.81 units per dollar, a level not seen since January 8.
The above means an appreciation for the Mexican currency of 0.38 percent compared to Thursday or 6.5 cents.
If it stays like this, the weight would close the week with nine gains in the last 10 market sessions.
According to an analysis by Banco Base, the behavior of the exchange rate this Friday is due to the dollar’s decline of 0.41 percent after the publication of the employment report in the United States, where the household survey showed a clear deterioration of the working market.
Official figures show the destruction of 184 thousand jobs in February in the neighboring country to the north, making it three consecutive months with falls, which in total are equivalent to the loss of 898 thousand jobs.
“The deterioration of the labor market raises speculation that the Federal Reserve could cut the interest rate before July,” the financial institution said.